Deadlocked Supply and Demand Affects Chinese Tungsten Price

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten price remains tight balance on whole after a period of decline in the middle of January. Affected by the environmental protection policy and tight supply of mines, the operating rate of smelting factories is low and supply and demand is in a stalemate. With the approaching of Chinese Spring Chinese, buyers become active in stocking up, which is expected to send price rise.

In the tungsten concentrate market, mines ’production capacity decreases, so sellers are reluctant to reduce product quotations. In addition, with influence of deceasing production lines and good expectation for environmental protection, seller’s rised mentality is reinforced. While downstream demand remains weak, tungsten concentrate price will stabilize.

Market trading in the raw material side is thin, coupled with the influence of holiday, APT manufacturers have not high willingness in production. Some downstream manufacturers are stocking up when price is relatively low, recovering market price. APT price is stable.

The deadlocked supply and demand is hard to be changed in the short term, so the market trading is thin. The low operating rate of tungsten manufacturers affects the whole market supply and thus insiders are caught in heavy wait-and-see atmosphere. 

Prices of tungsten products on Jan. 25, 2018

Price of tungsten powder

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